This topic contains a solution. Click here to go to the answer

Author Question: Which of the following types of taxes has the greatest elasticity? a) a gasoline tax of 20 cents ... (Read 29 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
Which of the following types of taxes has the greatest elasticity?
 
  a) a gasoline tax of 20 cents per gallon sold
  b) a tobacco tax of 50 cents per package sold
  c) a severance tax of 1.00 per barrel of oil produced
  d) a general sales tax of 6 percent on the retail purchase of taxable items
  e) a property tax

Question 2

An individual who wanted to shift the burden of state taxes away from middle- and lower-income families to upper-income families would favor which of the following policy options?
 
  a) a decrease of the general sales tax and an increase in excise taxes
  b) the adoption of a personal income tax in order to reduce sales and property taxes
  c) the replacement of local property taxes with an increase in the sales tax
  d) a constitutional amendment to prohibit the adoption of a state personal income tax
  e) a shift from a personal income tax to an increase in the sales tax



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cascooper22

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

Answer: D

Answer to Question 2

Answer: B




londonang

  • Member
  • Posts: 540
Reply 2 on: Jul 8, 2018
Excellent


anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

For a complete list of videos, visit our video library